Inflation in Georgia
Georgia - InflationEconomic growth accelerated in Q1 as Russia’s surging appetite for Georgian commodity exports boosted the external sector. Domestic demand metrics, however, were less upbeat in Q1: A rise in unemployment and a jump in inflation, which more than doubled from the previous quarter, likely curbed real income growth and weighed on consumer spending. Turning to Q2, growth appears to have remained vigorous. Economic activity growth came in above Q1’s average in April, largely thanks to impressive merchandise exports growth. Meanwhile, on 13 May, IMF staff approved a further USD 41.6 million of additional financing. Subject to approval by the executive board, this will bring total disbursements under the program to around USD 207.9 million.
Georgia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.5||3.1||4.0||2.1||6.0|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Inflation Chart
Source: National Bank of Georgia.
|Exchange Rate||2.74||0.0 %||Jun 14|
|Stock Market||0.5||0.55 %||Jun 14|
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